Tehama Country Real Estate

Tehama Country Real Estate – 3 Lease-to-Buy Options are a Win-Win for the Buyer and Seller ouse hunters that have mini- mal cash flow will like the lease-to- own housing option. Growing in popularity with both buyers and sellers, this is the smart and innovative way for many people to get into a house. The terms and conditions will vary from one lease option to the next, but most deals are easy to qualify for if the seller is des- perate. H In a sluggish economy with slacking home sales, the lease-to-own program is a smart answer for the housing industry. Choose from lovely ready- to-go homes, or you may strike a bar- gain for the fixer uppers. To seal the deal and pro- vide a helping hand to the sell- er, you may offer to fix up the home at your own expense for full rental price or ask for a monthly payment reduction. Lease to Own for Sellers rent-to-own property, is usually a house that has been sitting on the open market for too long. Ideal for sellers, offering a lease-to- own agreement keeps the cash flow coming with hope of a satisfied buyer at the end of the lease. The lease-to-own, also known as a When a home for sale is still carrying a mortgage, it makes good sense to offer the real estate as a lease to own option and get a tenant in there imme- diately. The lease may be drawn up for one, two or more years, and there is no set rule of law to dictate the terms. However, the owner must comply with the state laws for landlords and tenants. These laws are unique for every state, so be sure to check with your county officials for a handbook on how to comply with the local laws. In addition to monthly mortgage payments, a distressed seller is also accountable to pay the yearly proper- ty taxes. If you are a seller and have purchased another property, the lease- Real Estate Spotlight By Alex Mason to-own option acts as a buffer to light- en the mortgage payments on the house for sale. You may or may not gain a profit depending on the mortgage balance, but the lease-to-own sales contract should put the transfer of property into potential motion. If your renter decides not to pur- chase, you may rent the home again under the same terms or perhaps make the offer more attractive with lower payments. Lease To Own For Buyers a first and last month's rent plus pet security deposits. Lease-to-own homes are generally offered in the middle- and low-income housing markets and can be an excellent resource to get settled into a property for less money while building up your furniture and house wares. Ask your local real estate profession- al for assistance with a lease-to-own option. In many instances, the owner may use the first year's rent to put towards the down payment if you wish to purchase the property. If you find the home less than satis- factory, the lease-to-own contract should allow you to walk away scot free upon fulfillment of the lease agreement. The lease to own for buy- ers can be a gold mine to get you into a property with a minimal investment. The contract terms will be set by the sell- er and will usually require In addition, check your local news- paper listings for the lease-to-own or rent-to-own properties. Though they are many, they do sell out fast. This simple and cost-effective way to get into a property can be a win-win situation for both the buyer and seller. The seller can start banking cash, and the buyer can start saving money. Alex Mason is a former real estate agent and mortgage broker living in Los Angeles.

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